Balboa Terrace Homes Association is located in Walnut Creek, CA. The organization was established in 1958. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Balboa Terrace Homes Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Balboa Terrace Homes Association generated $167.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $158.4k during the year ending 12/2021. While expenses have increased by 26.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS RESPONSIBLE TO MAINTAIN, REPAIR AND REPLACE THE COMMON AREA PROPERTY OF A 288 UNIT COMMUNITY ASSOCIATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Hill President | 2 | $0 | |
Tom Cator Vice President | 2 | $0 | |
Bill Thomen Treasurer | 2 | $0 | |
Arlene Doyle Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $158,639 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $121 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $8,725 |
Total Revenue | $167,485 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $7,140 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $151,273 |
Total expenses | $158,413 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $96,709 |
Other assets | $0 |
Total assets | $103,630 |
Total liabilities | $82,617 |
Net assets or fund balances | $21,013 |
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